For all concerned, although China is / has pushed iron ore...

For all concerned, although China is / has pushed iron ore prices down, steel prices in China continue to climb. Slowing steel production to push I.O. prices down only works for the short term. What is happening now is supply and demand for steel is pushing steel prices up and the price of finished goods up with it.
My company owns two smelters in China and with the increased cost of coking coal and power we are only producing steel in off peak power loads (night time). This is unsustainable and pricing of our steel products continue to rise...

Covid is still taking its toll in China with the closure of many cities and ports. (This is not information China wishes to share).
personally, I am expecting 62% I.O. to average out to $150 -$160 USD over the next 12-18 months. Those stressing on today's share price need to either sell on the cheap and move on or see the big picture and be patient. Again, personally, I'm not ready to retire yet but an early retirement in 4 to 5 years is on the plans and my holdings in MGT will be helping this to happen. Imagine MGT paying a 1-2c dividend in 5 years from now (50-100% return on current share pricing), yet you decided to sell at a loss due to poor I.O. sediment during a Global Pandemic.....